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Moody’s assigns Barloworld new global scale ratings

3rd June 2016

By: Anine Kilian

Contributing Editor Online

  

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Ratings agency Moody’s Investors Services has assigned Barloworld first time long-term and short-term issuer global scale ratings of Baa3 and P-3 and long-term and short-term national scale ratings of Aa3.za and P-1.za on Friday.

The outlook on the ratings was stable.
 
Moody’s said the rating recognised Barloworld’s leading competitive market positions, supported by strong brand offerings and stable long-term relationships with its principal suppliers, with a diversified product mix and resilient business model.
  
The validity of Barloworld’s existing ratings by ratings agency Fitch Southern Africa would expire on June 30.
 
 

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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